Located by Mr. Tom Kowalczk (http://lake.cros.net/shipwrecks.htm) and believed to be:
No.2 Dredge built 1899 at Detroit; undocumented until enrolled as an unrigged vessel at Detroit, July 23, 1906, Official No. 162874; last document (there were only 2) issued at Detroit March 11, 1907 and surrendered at Detroit June 30, 1908 for the cause: "vessel lost"; 74.6' x 35.0' x 10.6', 403gt, 337nt; owner was Detroit Dredging Co.[Paskert email 8/20/2008]
In cooperation with Cleveland Underwater Explorers (www.clueshipwrecks.org), an initial survey of this vessel was conducted July 26-27, 2008. A full report of this survey is posted here:
INITIAL
SURVEY REPORT